The Citizen, 1986-12-17, Page 6PAGE 6. THE CITIZEN, WEDNESDAY, DECEMBER 17, 1986.
Todd takes Wesf Wawanosh
seat McQuail gets job
Newly elected West Wawanosh
councillor Kathryn Todd of RR 2,
Lucknow, was sworn in at the
regular meeting of council on
December 2, with Mrs. Todd
subscribing to both the Declaration
of Elected Office and the Oath of
Allegiance.
Council also voted to accept the
application of Tony McQuail, of RR
1, Lucknow, as the new Landfill
Site Operator, and to advertise for
a used house trailer to act as an
office at the landfill site.
Council agreed to consider a
request from the Road Superinten
dent to purchase a replacement for
the old grader in late 1987, and to
sell the sand box from the sand
truck, which has not been used
since the truck was purchased.
The Building Inspector was
authorized to issue building per
Used toys collected
in West Wawanosh
Residents of West Wawanosh
Township can take good toys and
re-usable clothing to the township
landfill site between the hours of 9
a.m. and 5 p.m. this Saturday, for
recycling by the Salvation Army in
time for Christmas.
Landfill site supervisor Tony
McQuail of RR 1,/Lucknow,
devised the scheme in order to
salvage re-usable items, since this
is the time of year when many
closets are cleaned out in prepara
tion for the coming holidays. Toys
should be in good condition, and
clothing cleaned and in plastic
bags.
Such donations will be limited to
residents of the township, because
West Wawanosh is now issuing
access cards to ratepayers, in order
to eliminate the problem of
non-residents using the dump.
Cards may be picked up at the site,
which is open 1 - 6 on Wednesdays
and 9 - 5 on Saturdays during
December.
Aware that other municpalities
have experienceddifficulties in
finding new landfill sites, West
Wawanosh council decided on
issuing the access cards to ensure
that the site on Concession 8 will
continue to serve residents for as
long as possible. Council also feels
that the recycling of materials will
reduce the amount of landfill being
buried at the site.
mitstoR. Alton for a garage and
laundry room, and to M. Taylor for
a garage.
Council endorsed a resolution
from the City of St. Catherines to
petition the Minister of Municipal
Affairs to undertake a review of the
Municipal Conflict of Interest Act,
to have key definitions included for
more accurate interpretation of the
Act.
Ray Hallahan has been hired to
undertake the compaction and
covering at the landfill site, and the
clerk was instructed to notify
Chester Nicholson that a review of
the cost for covering and compact
ing during his probationary period
indicated that making his contract
permanent was not economically
sound.
The clerk was directed to order
six “Danger” signs and twelve
* ‘ No Trespassing” signs from ARC
Industries in Walkerton for erec
tion at the landfill site; authoriza
tion was also given to erect two
“Yield” signs in Dungannon.
The clerk was also authorized to
pay general accounts totalling
$133,492; and an application from
J. Thompson for a tile drain loan of
$2,200 was accepted.
Clerk-Treasurer Joan Arm
strong was instructed to send
flowers to Harold Errington in
hospital in London.
The next meeting of council will
take place on January 6, 1987.
enjoy!
A
Christmas
Gift the
whole
— • ■ g
Hyperinflation beaten back
Continued from Page 5
was to be spent but just that
amount. No more, no less! In other
words he balances the budget day
by day.
The results were astounding.
Within one month no less the rate
of inflation dropped from the
20,000 per cent to something
approaching zero. It has now
stabilized at about 50 per cent
which is a real accomplishment
although it is fair to say that it has
not been carried out without a great
deal of public resentment, espe
cially those who have been on the
receiving end of much of the
economic pain.
What, you might ask, would I
encounter if I went to live in a
country where hyperinflation was
the norm. Well, if it had go to the
state of that experienced by the
Bolivians, you would tind that a
monetary economy was in the
process of falling apart. If you
asked about the value of some
thing, you would get it in terms of a
foreigTv currency such a.s the
American dollar or else there
would be no monetary value
expressed at all. This means that
you have to resort to some form of
barter in order to carry out any
transactions; certainly you would
not take any Bolivian money for
anything unless, of course, you
were going to spend it in the next
few minutes.
This means that wealth gets
stored in physical assets, not
money. For any readers whose
family came from Germany, this is
precisely what happened between
the two world wars as well as after
1945 when the German mark broke
down and was replaced to a
considerable degree by alterna
tives such as cigarettes.
At this point when the economy
is no longer able to cope with
inflation, it starts to reject it
entirely. Unfortunately that is
what makes the hole thing run out
of control, with the resulting very
painful adjustment which has to
come.
Remember that inflation is
above all a monetary phenonomen
which means that you have to get
your money supply under control,
not to mention the right mix of
fiscal policies. It can hurt; all you
have to do is remember the rather
bad recession of 1981-82 in Canada
when interest rates went up to over
20 per cent. All that was due to the
government’s decision to deal with
double digit inflation. Now just
imagine if we had prices rising at
20,000 per cent a year!
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